Zhejiang Songyuan Automotive Safety SystemsLtd Third Quarter 2024 Earnings: EPS: CN¥0.29 (vs CN¥0.24 in 3Q 2023)

Zhejiang Songyuan Automotive Safety SystemsLtd (SZSE:300893) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥506.8m (up 47% from 3Q 2023).
• Net income: CN¥67.4m (up 25% from 3Q 2023).
• Profit margin: 13% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.29 (up from CN¥0.24 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Zhejiang Songyuan Automotive Safety SystemsLtd Earnings Insights

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China.

Performance of the Chinese Auto Components industry.

The company's shares are down 2.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Zhejiang Songyuan Automotive Safety SystemsLtd (1 doesn't sit too well with us!) that you should be aware of.

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